Northpointe Bancshares (NYSE:NPB) CEO Acquires $395,836.00 in Stock

Northpointe Bancshares, Inc. (NYSE:NPB) CEO Charles Alan Williams purchased 23,450 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was bought at an average price of $16.88 per share, with a total value of $395,836.00. Following the completion of the purchase, the chief executive officer owned 54,896 shares of the company’s stock, valued at $926,644.48. This trade represents a 74.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Charles Alan Williams also recently made the following trade(s):

• On Wednesday, February 11th, Charles Alan Williams acquired 14,205 shares of Northpointe Bancshares stock. The shares were bought at an average price of $16.90 per share, for a total transaction of $240,064.50.

Northpointe Bancshares Price Performance

Shares of NYSE:NPB traded up $0.26 during trading on Friday, reaching $17.62. 313,063 shares of the company traded hands, compared to its average volume of 437,725. The firm has a market capitalization of $605.34 million and a PE ratio of 8.43. Northpointe Bancshares, Inc. has a 52 week low of $11.43 and a 52 week high of $19.48. The company has a quick ratio of 1.34, a current ratio of 1.39 and a debt-to-equity ratio of 2.24. The company’s 50 day moving average is $17.51 and its two-hundred day moving average is $17.08.

Northpointe Bancshares (NYSE:NPB) last issued its quarterly earnings results on Tuesday, January 20th. The company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.08). Northpointe Bancshares had a return on equity of 13.79% and a net margin of 17.70%.The company had revenue of $65.14 million during the quarter, compared to the consensus estimate of $64.70 million.

Northpointe Bancshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 3rd. Stockholders of record on Thursday, January 15th were given a $0.025 dividend. The ex-dividend date was Thursday, January 15th. This represents a $0.10 annualized dividend and a dividend yield of 0.6%. Northpointe Bancshares’s payout ratio is presently 4.78%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NPB. Piper Sandler increased their price target on shares of Northpointe Bancshares from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Northpointe Bancshares in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Northpointe Bancshares has an average rating of “Hold” and an average target price of $19.08.

Institutional Investors Weigh In On Northpointe Bancshares

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new position in Northpointe Bancshares during the 1st quarter worth approximately $26,000. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Northpointe Bancshares during the second quarter worth $33,000. State of Alaska Department of Revenue bought a new position in shares of Northpointe Bancshares in the 4th quarter valued at $40,000. State of Wyoming bought a new position in shares of Northpointe Bancshares in the 2nd quarter valued at $54,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Northpointe Bancshares during the 3rd quarter valued at $82,000.

About Northpointe Bancshares

Northpointe Bancshares, Inc is the bank holding company for Northpointe Bank, an FDIC-insured community bank based in Michigan. The company offers a full range of commercial and consumer banking solutions, serving retail, small business and corporate clients through both a physical branch network and digital platforms.

Northpointe Bank’s product suite includes interest-bearing checking and savings accounts, money market and certificate of deposit offerings, as well as residential mortgage lending, home equity financing and unsecured consumer loans.